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Updated over 5 years ago,

User Stats

110
Posts
49
Votes
Mason Jeffries
  • Investor
  • Nashville / Smoky Mountains, TN
49
Votes |
110
Posts

How to qualify for a mortgage during a move to Nashville TN?

Mason Jeffries
  • Investor
  • Nashville / Smoky Mountains, TN
Posted

How to move to Nashville, find work, and purchase property at the same time?

Hi all! Moving out of state seems to have its logistical challenges. My wife and I want to buy a house in the Nashville area, but how do we qualify for a loan? Vanessa may have an opportunity to transfer jobs within her company, but it’s not a guarantee. Is there a way to get a loan and purchase a property before we move? Like a second residence maybe?

The obvious solution here would be to find a short term rental in Nashville, secure new jobs, and then apply for the loan. But the kicker is, we have 2 large German shepherds who are destructive while we are away. They really limit our rental abilities.

So how do we time all this? Is there a way to qualify for a mortgage during a transition period in which we may or may not have secured new jobs at that time? We have great credit, a healthy savings, and debt free.

Any advice would be much appreciated!

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